IEPPE Exam Dumps : Internationally Educated Professional Practice Exam

Even thoughyou are no longer in public office, youstill have ethical obligations to maintain fairness, integrity, and transparency.

Step-by-Step Breakdown:

1. Ethical Issues at Play:

Reviewing acompetitor’s project for freecould:

Compromise professional integrity.

Create aperception of bias or unfair treatment.

Lead toconflicts with your previous employer or professional obligations.

2. Why Fairness, Courtesy, and Good Faith Are Important:

Professionals must avoid using their influence unethically, even after leaving a position.

Example:

A retired CETshould not provide confidential insightsinto a competitor’s project without proper compensation and disclosure.

3. Why Option A Is Correct:

Fairness and professional courtesy require declining such requests or ensuring full transparency.

4. Why Other Options Are Incorrect:

B (Conflict of interest disclosure)– This is not adirect conflict of interest, but anethical integrity issue.

C (Warning about overruled decisions)–Not relevantin this case.

D (Promoting public knowledge)– Ethical fairness ismore important here.

Acorporationis the best business structure toprotect personal assets, as itlegally separates the business from the owners.

Step-by-Step Explanation:

Why Personal Asset Protection Matters:

Brown & Green are nearing retirementand must ensure thattheir personal savings and investments are not at riskif the business fails.

Acorporation provides liability protection, meaningpersonal assets are not used to pay business debts.

Why a Corporation Is the Best Choice:

Separate Legal Entity– The company, not the owners, is responsible for its debts and liabilities.

Limited Liability– Shareholders (owners) arenot personally liablefor corporate losses.

Easier to Transfer Ownership– Corporations allowsuccession planning, so they cansell shares or pass ownership to a buyer when they retire.

Why Option D Is Correct:

Acorporation shields Brown & Green’s personal wealth from business risks.

Why Other Options Are Incorrect:

A (Limited Liability Partnership)– Onlyprotects against a partner’s negligence, but notbusiness debts.

B (General Partnership)– Partners arepersonally liable for business debts.

C (Sole Proprietorship)–Full personal liabilityfor debts; not suitable for shared ownership.

1. What is Alternative G2?

In this scenario, the professionalrejects the outside job offer but does not inform their employer about the situation.

2. Ethical Problem in Alternative G2

Failure to Communicate:

Even though they areavoiding a direct conflict of interest,they are still withholding important information from their employer.

Transparency is required in professional ethics.

Risk of Misunderstanding:

If the client assumesthey were unfairly turned down,they may form a negative opinion of the employer.

This could damage the employer-client relationship.

3. Real-World Example: Why Transparency Matters

Scenario:

A structural engineering technologistis offered consulting work on a project by a major construction firm.

They reject the offer butdo not disclose it to their current employer.

Later,the employer finds out that the client was upset and lost trust in the company.

4. Why Option D is Correct:

Not disclosing the situation could lead to unintended damage to business relationships.

Transparency is a key part of professional ethics.